The Chairman's Statement delivered at the Forty-eighth Annual General Meeting (Post-IPO) of the Company, held today i.e., Friday, August 29, 2025, is attached.
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At its 48th AGM on August 29, 2025, Reliance Industries reported record FY25 consolidated revenue of ₹10,71,174 crore ($125.3 billion), EBITDA of ₹1,83,422 crore ($21.5 billion), and net profit of ₹81,309 crore ($9.5 billion), becoming India's first company to cross $125 billion in annual revenue. The Chairman announced plans for Jio's IPO in the first half of 2026, with Jio crossing 500 million customers, ₹1.28 lakh crore revenue (17% YoY growth), and 220 million True 5G users. A new wholly-owned subsidiary 'Reliance Intelligence' was unveiled with AI data centres in Jamnagar, deeper Google partnership, and a Meta joint venture for open-source AI in India. Retail delivered 8% revenue growth to ₹3.31 lakh crore across 19,340 stores, with management guiding for 20%+ CAGR over the next three years and online share rising from single-digits to over 20%.
Major catalysts for shareholders include the upcoming Jio IPO in H1 2026, formation of Reliance Intelligence with Google/Meta partnerships, and explicit 20%+ retail growth guidance — likely to be viewed positively by the market and support the stock's premium valuation.